Lebanon

January 23, 2001

02:00 GMT

Islamic banking institution Kuwait Finance House (KFH) announced it has signed a deal with Citibank to set up a $106 million real estate investment portfolio. KFH said the portfolio would invest in th

02:00 GMT

Activity on the Beirut Stock Exchange improved significantly in the week ending January 19, as it was propelled by demand for Solidere’s stock. Solidere dominated activity, accounting for 87 percent o

02:00 GMT

The Minister of Water and Electrical Resources, Mohamed Abdul-Hamid Beydoun, declared that Spain will help implement water and electricity projects in Lebanon.

January 22, 2001

02:00 GMT

Lebanon\'s Education Ministery has said that it will establish 40 new state-run schools and upgrade the existing ones, according to the Daily Star. \"

02:00 GMT

Lebanon and Syria are planning to launch a joint airline. The joint venture would begin with 3 planes that can accommodate up to 30-passengers each.

02:00 GMT

At the end of his visit to Kuwait, Lebanese Prime Minister Rafiq Hariri said Sunday that Kuwait has pledged to fund most of a 500-million-dollar proje

02:00 GMT

The Lebanese ministry of post and telecommunications is considering reducing monthly subscriptions and local calls connection fees with the aim of increasing the volume of calls.

02:00 GMT

The Lebanese budget registered a primary deficit of $616.04 million in December, as the deficit-spending ratio increased to 79.98 percent from 62.88 percent in November 2000.

January 21, 2001

02:00 GMT

An attractive shopping season will start in Lebanon in February with the inauguration of 2001’s Shopping and Tourism Festival under the name \"Fab Feb

02:00 GMT

Arab Bankers agree at a conference that catching up with e-banking is a step that should be taken by the banks in the Arab world.

02:00 GMT

Lebanese Prime Minister Rafiq Hariri started Saturday a two-day visit to Kuwait during which he is expected to sign several economic agreements with t

02:00 GMT

Famous Lebanese singer Sabah has returned to Beirut after spending six months in the United States where she has been convalescing after suffering from a heart attack

02:00 GMT

Lebanon’s revenue from customs duties, the government’s major source of income, dropped by 21.58 percent in December from November 2000.

02:00 GMT

Cellular phone network operator LibanCell and National Bank of Kuwait –Lebanon (NBK) launched last week a “cell-banking” service that will enable NBK customers to carry out various banking transaction

02:00 GMT

Lebanon\'s ministry of finance released on Monday, January 15, the draft 2001 budget, before being endorsed by Parliament. The budget forecasts total revenues of $3.25 billion and spending of $6.62 bi